Orbit Garant Drilling (TSE:OGD) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Orbit Garant Drilling's share price has risen above its 200-day moving average, reaching a high of C$1.56, with the last traded price at C$1.53.
• The company has a debt-to-equity ratio of 54.62 and a market capitalization of C$57.07 million, indicating a healthy financial status.
• Recent insider transactions include a senior officer selling 22,000 shares at C$1.53 and a director selling 65,000 shares at an average price of C$1.41.

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.39 and traded as high as C$1.56. Orbit Garant Drilling shares last traded at C$1.53, with a volume of 23,949 shares.

Orbit Garant Drilling Trading Up 3.2%

The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62. The stock's fifty day moving average price is C$1.58 and its two-hundred day moving average price is C$1.41. The company has a market capitalization of C$59.69 million, a PE ratio of 26.26, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling

In other Orbit Garant Drilling news, Senior Officer Daniel Maheu sold 22,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$1.53, for a total value of C$33,660.00. 24.36% of the stock is owned by company insiders.

About Orbit Garant Drilling

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems.